Fake currency factory uncovered in Ibadan

Fake currency factory uncovered in Ibadan

Yvonne Williams

The Oyo State Police Command has discovered a hideout in a remote village of Ibadan, where thousands of fake currencies; pounds, euros, dollars and other foreign currencies were being produced.

The Commissioner of Police in the state, Mohammed Katsina, speaking on the incident as reported by Punch Newspaper said that the discovery was made by the command’s ambush squad in a village called Ojoku in Badeku, Ona-Ara Local Government Area of the state.

The police revealed that the notorious area which served as a kidnappers’ den is fast becoming a safe haven for criminals.

According to the Punch correspondent who visited the scene of the crime on Monday, the police had barred the compound shielded by tall trees and thick bushes.

Several notes of fake foreign currencies littered the ground was spotted and it was also discovered that the place also served as a shrine.

One of the accused Ismail Adesina, 43, arrested at the scene, said he did not know anything about the currencies and that the owners had escaped.

He said he was a herbalist and that he had been involved in several financial crimes under the pretext of helping victims to cure ailments and barrenness.

Adesina added that the owners of the three vehicles were canvassers who combed the town to woo customers.

He said, “I am a herbalist and I inherited the skill from my father. I am also a conman. I cured diabetes, barrenness, blindness and other ailments. I have cured many people. My partner, who escaped yesterday, knows how the currencies were produced. Taju and Wasiu are my other partners. We have been here for about four years. We collected varying sums of money from our victims but we do not kidnap people. We bought the land in the bush and built the houses. I am a native of Beyerunka in Ibadan. The names of our victims are with my partners.”

Adesina said his wife had left him and taken his child away because he could not provide for them.

The police said apart from taken money from their victims, the suspects also   blackmailed them by taking their nude pictures and threaten to expose them if their secret was leaked.

Happenings Media